S&P Index Returns to Resistance Level and Bitcoin Continues Downward Trend
NDAQ Nasdaq Inc
$108.65 -0.94%
View chart & analysis → - 1The S&P index has returned to its resistance level and has potential for an upward move toward 7.8K.
- 2Prices below 275 are good points where GTC buy orders for the Russell 2000 may be valid, but concerns grow if the 270 level is lost, signaling greater worry during a decline.
- 3Bitcoin failed to reverse after the 20-day moving average and failed to find support at the 200-day moving average.
So what's the key point?
US stock market indices have risen to a point where they could increase again. Bitcoin is falling as the baseline supporting its price has broken down.
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